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Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

Euro/Ugandan Shilling (FOREX:EURUGX)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURUGX
Open High Low EURUGX Price Change
4070.8 4070.8 4070.8 4070.8 0.0
Entry Signal

MarketClub’s Trade Triangles for EURUGX

long term down The long term trend has been DOWN since Jul 9th, 2019 at 4163.5

intermediate term down The intermediate term trend has been DOWN since Nov 10th, 2019 at 4099.5

short term down The short term trend has been DOWN since Oct 28th, 2019 at 4120.8

Smart Scan Analysis for EURUGX

Based on a pre-defined weighted trend formula for chart analysis, EURUGX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for EURUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4070.8 4070.8 4070.8 4070.8 0.0
Prev. Close Volume Bid Ask Time
4070.8 4025.8 4115.8 2019-11-18 02:08:51
Want to analyze Euro/Ugandan Shilling EURUGX or another symbol? Try our Free Forex Trend Analysis Report.